Monday, October 10, 2011

Free Trade Agreement to Become Law Without a Fight

Despite all the marching and protesting, Congress and this President are about to betray the 99% on behalf of the 1%. There was almost nothing said about by the left-wing media that has been so vocal in defense of the rights of working people. Free trade has devastated job creation in America and benefitted corporations that have outsourced our economy. Is it any wonder that Republicans, which opposes everything this President proposes, have supported this FTA. This is an unholy alliance directed at robbing Americans that which they have few of - jobs. And it happened under the very noses of the unions that claim to represent working Americans. This also shows that isn't enough to just march and decry the control Wall St. has over America. We need to stand for and against specific policies that the government is foisting on us:

Congress is expected to approve free trade agreements with South Korea, Colombia and Panama that have been pending since the presidency of George W. Bush. Supporters of the treaties -- the first completed in the Obama administration -- say the pacts could boost exports by $13 billion a year and foster tens of thousands of American jobs.

The House takes up the three agreements on Tuesday, along with legislation pushed by Obama and Democrats to help workers displaced by foreign trade. Both chambers could sign off on the measures by Wednesday night.

...Opponents argue that the currency sanctions would do little to help the U.S. job market because more expensive Chinese goods would simply be replaced by goods from other low-wage countries such as Vietnam and Bangladesh. They say companies such as Wal-Mart would continue buying Chinese items because they are deeply involved in investment in China, a fast-growing export market.

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